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NAB Credit Card; 60,000 QFF Points - $250 Annual Fee, $1500 Spend - Qantas Rewards Premium Card


Similar to NABs recent Velocity Rewards credit card deal, except this one has a higher fee and is for Qantas FF points (https://www.ozbargain.com.au/node/214906)

60,000 velocity points with $1500 spend within 90 days
$250 annual fee
1.5 points per $1 spend on Amex
0.5 points per $1 spend on VISA
Points capped at $50,000 spend per statement period
Complimentary insurances included

Apply by 14 February 2016 and offer not available in conjunction with any other offer.

For a value comparison, a $250 Woolworths gift card is 37,500 Qantas frequent flyer points. Savings on business class flights value points higher than this, but using the gift card value is an easy comparable.

My opinion: this is a reasonable deal, but not a great one as it still requires a higher annual fee to be paid and alot of spending, for a marginal profit of ~20,000 points.

Related Stores

National Australia Bank Group (NAB)
National Australia Bank Group (NAB)

closed Comments

  • +6

    No annual fee if you own 500 NAB shares! (Approx $15k)

  • -1

    Most of the time they will wave the fee for the first year if you ask.

    • +1

      They have no reason to waive the first year's fee. You'd probably have luck getting the second year's fee waived when you threaten to cancel.

    • At what stage and how would you ask for waiver of first year's fee?

      • I would like to know too!

        • If you spend enough on your card account, they'd look at doing it I'm sure.
          We have this card and have never paid the full rate - NAB upgraded us without being asked (gratis) from the gold card…….
          At the time, we were spending about 50K a year on the card

        • @rayski57: impressive spending! I won't qualify for that even after spending $8000 on an engagement ring. Fingers crossed she likes it, in true Ozbargain style I told CBA I was closing my Platinum card account. They put me on a triple points offer in response. I think I ended up with about $100 points in response.

        • @smoke87: I'm sure she will love it, I would.
          Good on you, they only look after loyal customers when they experience a fear of loss.
          We put everything possible on the card (unless the points are worth less than the % surcharge) and these days carry very little cash as a result.

  • is pay bill considered as daily purchase?

  • Just applied for this card yesterday. For NAB home loan customer this is free.

  • Merged from 60,000 QFF Points with $1500 Spend on New NAB Qantas Rewards Premium Card (Annual Fee $250)

    60,000 bonus Qantas Points when you spend $1,500 on everyday purchases within 90 days on a new NAB Qantas Rewards Premium Card.

    QANTAS Membership is free via the link in the conditions.

    Sun, sea, surf, there's no place like Hawaii, and we've got this NAB offer to get you there. When you take out a new NAB Qantas Rewards Premium Card by 14 February 2016 and spend $1,500 on everyday purchases within 90 days you'll earn 60,000 bonus Qantas Points*. That's enough Qantas Points for a one-way Qantas Economy Classic Flight Reward to Honolulu (plus taxes, fees and carrier charges)^.

    Say Aloha to Premium benefits:

    Enjoy the convenience of two cards on one account:
    - 1.5 Qantas Points per $1 spent+ on eligible purchases on your American Express card to maximise your points earning potential
    - 0.5 Qantas Point per $1 spent+ on eligible purchases on your Visa card for worldwide acceptance
    1 additional Qantas Point per $1 spent on selected Qantas products and services~
    Seven complimentary insurances including overseas travel insurance#
    Platinum Concierge service 24 hours a day, seven days a weekΔ

    • -2

      used to cost 70,000 points return (plus heaps of dollars in tax from memory)

      is this a good deal guys?

    • Currently 48,000 points plus taxes Ex-BNE (Via QFF estimator)

    • No. There's an annual fee of $250.

      • Is it waived for the first year? Edit: Appears not. :(

    • It says 60,000 points is enough for a one way to Hawaii not return (plus taxes, fees and carrier charges). Taxes and fees are prob half the fare. 44,000 points is a $250 Myer gift card so they are reaching with a promise of free Hawaii flights.

    • +2

      No deal here……moving on

      • I concur with Coops :).

    • +2

      NAB also offering 60,000 velocity points, and the annual fee is $150 rather than $250 on this qantas card.

    • +1

      Not sure this is a tangible deal. A few issues with this.

      OP has stated 'return' flight in title, but pasted in blurb from NAB states 'one way' flight.

      No guarantee you could actually obtain the award flights (award flights are subject to availability, and QF Hawai award flights are notoriously difficult to find, particularly for those who don't have higher tiers of QFF status).

      Finally, OP, suggest you also update the deal with the taxes and fees so people can see the significance of these.

    • +1

      Not a deal as such, especially in the way it's marketed.

      At $250, this is merely an affordable way to purchase Qantas points, rather than a huge bargain. And there are better uses for 60,000 points than going to Hawaii (4,000 points more would get you to Europe, for example).

      There are better deals out at the moment which should be applied for before this: the ANZ platinum is 50,000 points and no annual fee, the Velocity card (whose points are worth more than Qantas points in most instances) is 60,000 for 150, and the Macquarie cards at 40,000 points for $99 are all easily better deals.

      As for 'free' QFF membership - that's been free for a long time, so long as you look for it.

      • Yes, affordable way to grab some QFF points for $250

        • Well worth it if you're a points collector.

        • @JohnHowardsEyebrows: I'm slowly creeping up towards the 250K mark.. Need about ~270K - 280K for business return MEL - LHR.. but the taxes are incredible for rewards flights.. about $1200. I'll give up on QFF after this.

        • @gaurangmp: One piece of advice is to avoid Qantas flights (or anything flying out of London or Singapore), as these all attrat high fuel surcharges or taxes (the UK has the obscene premium duty of about 200 pounds.
          If you are happy to take a train across the chunnel, you'll save $200 in taxes, and get a side trip in Paris (or the chauffeur can just pick you up from Gare du Nord).
          If you break the flight into MEL-HKG then HGK-LHR (with the connection time being less than 24 hours), you'll be able to avoid a lot of the taxes.

        • @JohnHowardsEyebrows: Thanks for the tip. duly noted :)

      • no annual fee for anz??? where is this?

        • Search for it.

    • Fail

    • +1

      Misleading heading. Please change it to 60,000 qff points. Which is a deal that appear frequent enough here (fluctuate anywhere between 20k-100k points)

    • Annual fee makes it a shitty deal when ithers are waiving it.

    • Not sure why the OP neglects to mention the $250 annual fee in his post. Deal does not seem Ozbargain worthy when factoring in annual fee.

    • Good deal if you already have QFF points and need a top up for $250. If you looking for a long term card for earning points on purchases, there are better options available.

      ANZ have a better offer for bonus points but a lot of people are ruled out for a year having already taken it up.

      Couple of others cards offer a better Point/$ ratio however no one is really giving out this many points in one hit. (Jetstar- 40k, Macquarie - 40k, HSBC - 40k, Westpac - 40k)

      • +1

        Westpac offered 60k on their black card before with 1st year annual fee waived.

        Personally would stay away from this deal, just in case NAB manage to offer an annual fee waiver in later deals… (and require applicant to not have an active NAB card, or within the past 12 months).

      • +1

        I would stay away from HSBC if I can. Ever since I tried to apply a loan with them I realise they are like the worst people to deal with. Even with a closed account they still spam you with crap

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